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Novia wrap to launch by end of month

Novia chief executive Bill Vasilieff has revealed his wrap proposition will launch with a group of around a dozen IFAs by the end of this month.

Vasilieff says the proposition, which is currently in the final stages of system testing, will launch with a select group of IFAs within weeks and be rolled out to the whole market in November.

Vasilieff says the wrap is funded through to profitability and has previously set himself the target of £5bn in funds under management within the platform’s first five years of business.


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